Banks general
Corporates using shell firms to pay bribes, says HDFC’s Parekh
11 Feb 2015
Respected banker Deepak parekh says bribes paid by corporations are disguised so well and look completely genuine or go through a large web of unidentifiable shell companies that the best of forensic accountants find it difficult to trace it
Hong Kong’s central banks warns against investing in virtual currencies
10 Feb 2015
The abrupt closure of MyCoin makes it the biggest virtual currency scandal after last year's bankruptcy at Tokyo-based Mt.Gox
Black money: HSBC admits ‘failures’ by its Swiss arm
09 Feb 2015
Reports said the clients of HSBC’s Swiss unit included politicians, actors, rock stars and individuals with ties to arms dealers and dealers of ‘blood diamonds’ or ‘conflict diamonds’
HSBC helped UK’s rich to dodge tax: report
09 Feb 2015
Investigations by the UK tax office HMRC have helped recover some £135 million in unpaid tax, interest and penalties from the UK citizens involved, say reports
60 persons to be prosecuted over black cash stashed abroad
09 Feb 2015
Against this, newspaper reports today said there are some 1,195 Indians named in the HSBC list whose Swiss account balances add up to Rs25,420 crore
HDFC Bank launches Rs10,000 share float; fixes floor for QIP issue at Rs1,061.84
05 Feb 2015
The majority of the mop up will come from foreign investors
RBI holds key rates; eases banks’ liquidity ratio by 50 bps
03 Feb 2015
The argument that high interest rates are holding up business expansion and economic growth does not hold since it is now estimated that India’s GDP grew at 6.9 per cent in the 2013-14 fiscal, under a higher interest rate regime
RIL in JV pact with SBI for payment bank
02 Feb 2015
Reliance seeks to leverage state-run State Bank of India’s nationwide network and risk management capabilities and RIL’s retail and telecom businesses for entering the banking space
Airtel seeks to enter payment banking with Kotak Mahindra
29 Jan 2015
Bharti Airtel today said it will apply for a payment banking licence, in which Kotak Mahindra Bank hopes to pick up a 19.9-per cent stake
SBI to enter market to raise Rs15,000 crore
28 Jan 2015
RBI eases rules for recasting overseas loans
23 Jan 2015
Canada’s RBC acquires City National for $5.4 bn
23 Jan 2015
Canada's’s biggest commercial bank, Royal Bank of Canada (RBC), is acquiring US-based City National Corp, a premium commercial lender serving Hollywood clients in a bid to expand its wealth management business in the US
American Express to cut 4,000 jobs this year
22 Jan 2015
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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